23730 Oak Lake Trail

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23730 Oak Lake Trail

Erskine, MN 56535-9476
Asking Price
$1.25M
Cap Rate
2.35%
Asset Type
RV Park Multifamily
Class
Class B

What's Special

Multifamily | 2.35% CAP | 49 Units <ul><li>​2020-built home is a showstopper—3 bed/2 bath, 1576 SQ'.</li><li>​60' x 120' pole building, perfect for indoor boat/personal property storage</li><li>​30' x 45' heated, insulated, 200-amp/220V</li><li>​Docks and lake access for seasonal rental income</li><li>​1000' of lakeshore on 400 acre Oak Lake</li><li>​Property includes Clausen Lake and Golden Pond</li><li>​Golf cart and ATV trails to assist navigating 76 acres</li><li>​Property includes 5 docks for rent and space for 5-10 more</li

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

Location & Travel Times